Mercer Advisors acquires $350 million Arbor Asset Management
M&A or Merger and Acquisition text on black block
RIA firm, founded in 1996, is based in Ann Arbor, Mich.
Mercer Global Advisors has aquired Arbor Asset Management, a registered investment adviser located in Ann Arbor, Mich., that manages approximately $350 million in assets.
Mercer Advisors, headquartered in Denver, has approximately $15 billion in AUM.
(More: 10 biggest RIA acquisitions of 2018)
The addition of Arbor’s office in Ann Arbor expands Mercer Advisors’ footprint in Michigan to three offices, which includes Detroit and Traverse City, and brings the total number of offices in the network to 39.
Arbor was founded in 1996 by Neil Paolella, who will be joining Mercer Advisors with his four team members.
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